PARIS (Reuters) – World food prices eased in December marking the ninth consecutive monthly fall, but gained more than 14% in 2022 compared to the previous year, to reach the highest since records began, the U.N. food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of …
World food prices hit record high in 2022 despite December fall Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to open lower against the dollar on Friday after two reports indicated a robust U.S. labour market, prompting worries over the Federal Reserve rate outlook. The rupee is expected to open at around 82.64-82.66 to the dollar, down from 82.5550 in the previous session. …
Rupee likely to fall on Fed rate hike worries; U.S. yields climb Read More »
MUMBAI (Reuters) – India is set to post a balance of payment deficit for the second straight year in the next fiscal, which would be the first such instance in two decades, Standard Chartered Bank said on Friday. The foreign bank expects the country to record a BoP deficit of $24 billion this fiscal year …
India set to post BoP deficit for 2 straight years – Standard Chartered Read More »
(Reuters) – The foreign ministers of G20 countries will meet in India’s Delhi in March this year, news agency ANI said in a tweet on Thursday, citing sources. (Reporting by Gokul Pisharody in Bengaluru; Editing by Raissa Kasolowsky)
(Reuters) – Sri Lanka skipper Dasun Shanaka and opener Kusal Mendis scored half-centuries before their bowlers put the brakes on the Indian batting unit to seal a 16-run win in the second Twenty20 international and level the series at 1-1 on Thursday. Chasing 207 runs to win at the Maharashtra Cricket Association Stadium in Pune, …
Cricket-Sri Lanka beat India to leave T20 series squared Read More »
NEW DELHI (Reuters) -Air India faced criticism on Thursday from the aviation regulator for its handling of an unruly passenger on a flight from New York in November, and also acknowledged that a second similar incident occurred last month on a flight from Paris to Delhi. Air India had said in a statement released on …
Air India criticised by regulator over handling of unruly passenger on flight Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy. The island of 22 million is in the midst of its worst financial …
Sri Lanka to restart trade deal talks with India, China and Thailand – official Read More »
By Shivangi Acharya New Delhi (Reuters) -India believes huge subsidies announced by some developed countries for their green hydrogen sector can distort trade and is in violation of World Trade Organization (WTO) norms, power minister R.K. Singh said on Thursday. Speaking at a press conference, Singh said that the big subsidies is a challenge for the industry …
By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields ended largely unchanged on Thursday as the fall in oil prices was offset by relatively hawkish commentary from the Federal Reserve in the minutes of the latest meeting. Market participants also stayed away, awaiting debt supply on Friday. New Delhi aims to raise 280 billion …
Bond yields little changed after Fed minutes, traders eye debt supply Read More »
BENGALURU (Reuters) – Indian consumer products maker Marico Ltd said on Wednesday that its revenue growth slowed in the third quarter, and hit its operating profit, due to a muted recovery in rural demand amid elevated inflation. Marico, known for its Parachute hair oil brand, estimated its consolidated revenue grew in the low single digits …
India’s Marico says Q3 rev growth slowed on muted rural demand Read More »
